Sibanye Stillwater Limited (NYSE:SBSW) Short Interest Update

Sibanye Stillwater Limited (NYSE:SBSW) was the recipient of a significant decline in short interest in the month of August. As of August 31st, there was short interest totalling 16,910,000 shares, a decline of 18.8% from the August 15th total of 20,820,000 shares. Based on an average daily volume of 5,290,000 shares, the days-to-cover ratio is presently 3.2 days. Approximately 2.4% of the shares of the company are sold short.

Wall Street Analyst Weigh In

SBSW has been the subject of a number of research reports. JPMorgan Chase & Co. cut their target price on shares of Sibanye Stillwater from $7.00 to $6.00 and set a “neutral” rating for the company in a research note on Wednesday, July 3rd. BMO Capital Markets reduced their price objective on Sibanye Stillwater from $5.00 to $4.50 and set a “market perform” rating for the company in a report on Friday. Three research analysts have rated the stock with a sell rating and three have issued a hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $5.17.

Institutional Investors Weigh In On Sibanye Stillwater

Large investors have recently added to or reduced their stakes in the stock. Cantor Fitzgerald L. P. bought a new stake in shares of Sibanye Stillwater during the 4th quarter valued at $82,000. Lingotto Investment Management LLP increased its holdings in Sibanye Stillwater by 28.5% in the 4th quarter. Lingotto Investment Management LLP now owns 21,967,407 shares of the company’s stock valued at $119,283,000 after buying an additional 4,865,997 shares during the period. Quantbot Technologies LP raised its position in shares of Sibanye Stillwater by 153.7% in the 1st quarter. Quantbot Technologies LP now owns 104,173 shares of the company’s stock valued at $491,000 after buying an additional 63,111 shares in the last quarter. Fermata Advisors LLC bought a new stake in shares of Sibanye Stillwater during the 1st quarter worth approximately $52,000. Finally, Virtu Financial LLC acquired a new stake in shares of Sibanye Stillwater during the 1st quarter worth approximately $84,000. Institutional investors and hedge funds own 34.93% of the company’s stock.

Sibanye Stillwater Trading Up 7.5 %

Shares of NYSE:SBSW opened at $4.01 on Monday. Sibanye Stillwater has a 12-month low of $3.08 and a 12-month high of $6.99. The company’s 50 day moving average price is $4.21 and its two-hundred day moving average price is $4.60. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.97 and a current ratio of 1.70.

About Sibanye Stillwater

Sibanye Stillwater Limited, together with its subsidiaries, operates as a precious metals mining company in South Africa, the United States, Europe, and Australia. The company produces gold; platinum group metals (PGMs), including palladium, platinum, rhodium, iridium, and ruthenium; chrome; nickel; and silver, cobalt, and copper.